McDowell County Board of Education
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
STATE OF WEST VIRGINIA,
MCDOWELL COUNTY, to wit:
In accordance with West Virginia Code ยง11-8-12 as amended, the McDowell County Board of Education proceeded to make an estimate of the amounts necessary to be raised by a levy of taxes for the 2024 fiscal year, and doth determine and estimate the several amounts to be as follows:
The amount due and the amount that will become due and collectible from every source during the fiscal year INCLUDING THE LEVY OF TAXES, is as follows:
GENERAL CURRENT EXPENSE FUND
Estimated revenues:
Local Sources:
Property taxes (Net of allowances) $ 9,367,925
Other local sources 280,000
State Sources:
State aid to schools 21,571,864
Other unrestricted
Total estimated revenues 31,219,789
Estimated transfers in and other financing sources 703,415
Estimated beginning balance 1,500,000
Total estimated revenues, other financing sources,
and beginning balance $ 33,423,204
Estimated expenditures:
Instruction $ 16,606,26
Supporting services:
Students 1,563,265
Instructional staff 670,292
Central administration 567,497
School administration 2,173,908
Central services 840,681
Operation and maintenance of facilities 3,709,490
Student transportation 4,233,563
Food services 108,220
Community services 77,200
Debt service:
Principal retirement 466,000
Interest and fiscal charges 199,000
Total estimated expenditures 31,215,377
Total estimated transfers and other financing uses 2,207,827
Total estimated expenditures, other financing uses,
and reserves $ 33,423,204
MCDOWELL COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
SPECIAL REVENUE FUND
Estimated revenues:
Local Sources $ 8,040
State Sources: State aid to schools 483,524
Other
Federal sources 7,330,551
Total estimated revenues 7,822,115
Estimated transfers in and other financing sources 452,513
Total estimated revenues, other financing sources,
and beginning balance $ 8,274,628
Estimated expenditures:
Instruction $ 2,203,294
Supporting services:
Students 217,680
Instructional staff 606,110
Food services 2,550,220
Total estimated expenditures 5,577,304
Total estimated transfers and other financing uses 2,697,324
Total estimated expenditures and other financing uses $ 8,274,628
MCDOWELL COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
FEDERAL STIMULUS AND STABILIZATION FUND
Estimated revenues:
Federal sources 2,436,630
Total estimated revenues 2,436,630
Total estimated revenues, other financing sources,
and beginning balance 2,436,630
Estimated expenditures:
Instruction $ 334,780
Supporting services: Students 64,870
Instructional staff 48,060
Operation and maintenance of facilities 1,988,920
Total estimated expenditures 2,436,630
Total estimated transfers and other financing uses
Total estimated expenditures and other financing uses $ 2,436,630
MCDOWELL COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
CAPITAL PROJECTS FUND
Estimated revenues:
Estimated beginning balance 600,000
Total estimated revenues, transfers, and beginning balance $ 600,000
Estimated expenditures:
Capital projects $ 600,000
Total estimated expenditures 600,000
Total estimated transfers and other financing uses
Total estimated expenditures and other financing uses $ 600,000
MCDOWELL COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
PERMANENT IMPROVEMENT FUND
Estimated revenues:
Estimated beginning balance 800,000
Total estimated revenues,
transfers, and beginning balance $ 800,000
Estimated expenditures:
Capital projects $ 800,000
Total estimated expenditures 800,000
Total estimated transfers and other financing uses
Total estimated expenditures and other financing uses $ 800,000
MCDOWELL COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
STATE OF WEST VIRGINIA,
McDowell County, to wit:
I, Ingrida Barker, Secretary of the McDowell County Board of Education, do hereby certify that the foregoing is a true copy of the proposed budget being considered for adoption by the board of education on the 22nd day of May , 2023.
Ingrida Barker
Secretary of the Board of Education
ID: 710459